08:06:14 EDT Tue 08 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Pesorama Inc
Symbol PESO
Shares Issued 95,858,889
Close 2025-07-07 C$ 0.18
Market Cap C$ 17,254,600
Recent Sedar Documents

Pesorama increases offering to $6.8-million

2025-07-07 19:38 ET - News Release

Mr. Rahim Bhaloo reports

PESORAMA ANNOUNCES UPSIZING OF OFFERING TO $6.8M

Pesorama Inc., as a result of strong investor demand, has increased the aggregate size of its previously announced $5-million equity offering to approximately $6.8-million.

The equity offering was first announced on June 10, 2025, as a LIFE (limited issuer financing exemption) offering of units of the company to raise gross proceeds of $5-million. Now, in addition to the LIFE offering, the company intends to concurrently complete a non-brokered private placement of up to 12 million units of the company for aggregate gross proceeds of approximately $1.8-million. All units will be issued at a price of 15 cents per unit. The units issued pursuant to the concurrent placement may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions and may also be offered in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis that does not require the qualification of any of the company's securities or require the company to be subject to any continuing disclosure requirements under any domestic securities laws.

Any securities issued under the concurrent placement to purchasers resident in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following their date of issuance.

Each unit will comprise one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share at a price of 30 cents per warrant share for a period of 24 months from the date that is 60 days following the closing date. From the closing date and until the warrant expiry date, in the event that the daily volume-weighted average trading price of the common shares on a recognized Canadian stock exchange, which includes the TSX Venture Exchange, is equal to or greater than 50 cents over a 10-consecutive-trading-day period, the company may, at its option, within 10 business days following such 10-day period, accelerate the warrant expiry date by issuing a news release and, in such case, the warrant expiry date shall be deemed to be the date that is 30 days following the issuance of the warrant acceleration news release.

There is an amended and restated offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The company intends to use the net proceeds raised from the offerings for store expansion and working capital.

The offerings are expected to close on or about July 9, 2025, or such other date as the company may determine. Closing of the offerings is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX-V.

About Pesorama Inc.

Pesorama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. Pesorama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. Pesorama's 27 stores offer consistent merchandise offerings, which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.